Azimut Exploration Inc V.AZM

40% dilution? It is now time to get out of this guys!

[Paray99]

Well understood that yesterday Azimuth team made it a big game ...
Halted  trading for sometime to give the impression that there is some extraordinary drill results or other news coming in..... then resume trading with the drill results........ pump the stocks up for their buddies to get out..... then crash it down by 45 cents....... All these followed with $25M dilution today..... Guys, that is about 40% dilution.... 

They say they have world class properties.... now I don't trust them any more... At least the latest news pattern worries me and now I start to think probably they don't have much more drill results better than already published in the near future.... at least until they pocket this new financing.

For me, it is quite obvious to think that they leaked the news to their buddies beforehand, especially looking at yesterday's price action after a so called good drill result....

Also, what if their buddies already knew yesterday's results or it was part of the first drill results, simply held to pump up before the $25M dilution. Because, now we have to think that yesterday's results were already priced in much before....

[glory7]

Volume was not that high yesterday so few made money?, like more wanted in than out watching todays action (few sellers) and up she goes on stellar results and 25 plus million bought deal. You want Asimut to release news yup there starting?, not like last year LOL.

[idleintruder]

Paray:  What is this nonsense you spread?   Azimut needs the additional funds to expand the deposit and explore the ten new targets near Elmer.  You should be happy their projects have such great merit that getting $25 million is no problem.  Are you a shareholder?  If so, why do you discredit your own investment?  

[Jim12345]

So, will it go up from here? Happy to see that!

[electriqueman]

Soigne ta depression mon Paray...tu capotes pour un rien.  Tu ne reussiras pas a faire du cash avec tes ventes a decouverts avec ces bonnes nouvelles.   AZM vient d'avoir 25 M$ de financement avec une partie a 3,26$/action alors que le SP de AZM vaut environ 2,10$. (Une prime de 50%) C'est excellent comme financement surtout dans le contexte ou l'on est presentement

[Paray99]

Not a problem guys... SP action after the last drill results tell us everything. I don't want to hurt anyone's feelings here, but just expressed my feelings! I know this kind of dilution is normal in the mining sector. But why such a huge dilution that too cheap? if they believe there are much more good results coming soon, why not wait and raise cash at $4 a share. In the last

[idleintruder]

Paray99:  Regarding your comment: "I have nothing more to say." Thank God!   

[Paray99]

Ha ha ha... you don't know anything, because you are a child!

[idleintruder]

Right.